Retail

555 California Street seen right of center

Sale of Vornado and Trump Owned Iconic 555 California Now On Hold

5:30 am on November 25, 2020 By Andrew Nelson

Once the tallest building in the west of the United States, 555 California Street still stands out in the San Francisco skyline half a century later. The 1969-era skyscraper has long been symbolic of the city’s Financial District, second only to the Transamerica Pyramid. Currently, the building is majority-owned by Vornado Realty Trust, holding 70% of ownership, with a 30% partnership deal with the President’s Trump Organization. Vornado announced this week that they have temporarily ceased efforts to sell the building, as well as the 1290 6th Avenue tower in Manhattan, also part-owned by the President’s company, stopping the search for a potential $5 billion transaction. If made, the Trump Organization stood to gain $1.5 billion. Efforts to sell are expected to restart in 2021.

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Aggie Square Phase 1 courtyard at dusk, image courtesy UC Davis

$1.1 Billion Aggie Square Development Approved by UC Board of Regents

5:30 am on November 24, 2020 By Andrew Nelson

Plans for a 1.38 million square foot addition to UC Davis’s Sacramento Campus have been approved by the University of California’s Board of Regents. With the decision made just weeks after the City Council also approved the development, their decision paves the way for the school to begin construction on phase one by early next year. The project, to be built at 2751 Stockton Boulevard in Sacramento, will produce a public plaza connecting four new buildings with housing, office space, and new research capacity. UC Davis picked Wexford Science & Technology and GMH Capital Partners to be joint developers of the project.

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340 11th Street, rendering courtesy Stanley Saitowitz Natoma Architects

340 11th Street Nears Completion in SoMa, San Francisco

5:30 am on November 22, 2020 By Andrew Nelson

Construction is progressing for a new small-scale office infill at 340 11th Street in SoMa, San Francisco. The project will bring 24,990 additional square feet to an area known to attract tech start-ups. The four-story building rises 55 feet tall, providing extra ceiling space. Along with 14,775 square feet of office space, 4,350 square feet will be opened as ground-floor retail.

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955 Post Street from Street View, rendering by Transparent House with Page & Turnbull

955 Post Street Heading to the Planning Commission

5:30 am on November 19, 2020 By Andrew Nelson

The proposal for an eight-story mixed-use building at 955 Post Street is heading to the San Francisco Planning commission today at 1:00 PM. Developers hope to bring sixty-nine new residential units in the Polk Gulch neighborhood, of which seventeen will be sold as affordable housing. 955 Post LLC is responsible for the development.

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